FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Feb. 27, 2022

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents our financial instruments measured at fair value on a recurring basis for which, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of February 27, 2022:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	13.3	$	0.7	$	—	$	14.0
Marketable securities		7.3		—		—		7.3
Deferred compensation assets		8.1		—		—		8.1
Available-for-sale debt securities		—		—		7.5		7.5
Total assets	$	28.7	$	0.7	$	7.5	$	36.9
Liabilities:
Derivative liabilities	$	—	$	1.2	$	—	$	1.2
Deferred compensation liabilities		75.8		—		—		75.8
Total liabilities	$	75.8	$	1.2	$	—	$	77.0

The following table presents our financial assets and liabilities measured at fair value on a recurring basis, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of May 30, 2021:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	13.0	$	2.5	$	—	$	15.5
Marketable securities		6.6		—		—		6.6
Deferred compensation assets		8.8		—		—		8.8
Total assets	$	28.4	$	2.5	$	—	$	30.9
Liabilities:
Derivative liabilities	$	—	$	6.9	$	—	$	6.9
Deferred compensation liabilities		81.0		—		—		81.0
Total liabilities	$	81.0	$	6.9	$	—	$	87.9